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2022-03-31-accounts

Lincoln Area Regeneration Group For the year ended 31 March 2022 Board of Trustees’ Report

The Board of Directors (Trustees) are pleased to present the financial statements for the year ended 31st March 2022. The Organization is a registered Charity and Company Limited by Guarantee. It is governed by its Articles and Memorandum of Association.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102 – effective 1 January 2015), (Charities SORP – FRS 102) and the Companies Act 2006.

Objectives and Activities

Objects and Values

The main objectives of the charity continue to be the social, cultural, environmental and personal flourishing of the Bow, Poplar and Tower Hamlets communities, for the benefit of local people, particularly those living through urban regeneration. Having previously concentrated our efforts in Local Area Partnership 6 & 7 in Bow and Poplar - East London (our origins), we have now spread further afield again in Tower Hamlets. Most notably, arts and community centre, Poplar Union (the base for one of our satellite offices), continues to succeed in providing high quality cultural and community focused events in an area where historically there have been no local community provisions.

LARG’s charitable objectives are focussed on supporting local people to create opportunities and utilise these initiatives to build strong relationships and cohesive communities.

LARG’s unique status as a resident formed and led charity means that the organisation has an intrinsic understanding of the needs of Tower Hamlets’ residents. LARG is insightful and equipped in recognising and filling any gaps in the social, cultural, economic and environmental landscape of the borough. Issues such as poverty, isolation and exclusion, racial or religious tension, physical and mental ill-health, lack of socioeconomic opportunity and access to quality cultural provision all motivate the actions taken and partnerships formed by LARG.

LARG are longstanding practitioners with over 15 years of service delivery within local communities and continue to grow and evolve to reflect the changes and needs of Tower Hamlets’ residents.

Principal Activities

The principal activities of the charity are:

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Poplar Union.

Opened in January 2017, Poplar Union is one of LARG’s more recent community projects with aims to be the creative heart and soul of Poplar offering a platform to the local community to showcase hidden and untapped talents. Poplar Union is a multi-disciplinary, purpose-built community arts centre. They aim to nurture and develop creativity, offering local people a space to commune, create and socialise. Through their exciting and diverse arts programme, Poplar Union aims to raise the profile of Poplar and south-east Tower Hamlets as a vibrant and enticing cultural destination with events ranging from theatre, music, dance, health and wellbeing and interactive workshops to larger scale festivals. Poplar Union continues to grow from strength to strength, with numbers of attendees increasing on a monthly basis and over 3000 members subscribing to their newsletter. Poplar Union’s arts programme is relevant to and reflective of the diverse communities within Tower Hamlets, empowering local people through telling their stories, representing them on stage and promoting world music. Poplar Union also channels LARG’s objectives surrounding improving the wellbeing of local residents through a highly successful health programme including yoga for adults and children, Zumba and family karate classes.

Poplar Union has also manifested LARG’s objectives and aims through close and valuable partnerships such as Poplar E5 Bakehouse (formerly e5 Rost house) who provide quality, nutritious and seasonal food on site. They also run schemes such as Just Bread in which refugees are given the training required to obtain employment within the hospitality industry- very much in line with LARG’s objectives regarding employment and training. Through partnership and the programming described above, Poplar Union’s productivity continues to grow and has expanded LARG’s remit to engage with new communities migrating to the area ranging from migrant communities to those with more disposable income.

Poplar Union has also provided new opportunities through hiring its studios. Not only has this appealed to local businesses and charities of varying sizes, it also means the community has access to a beautiful and accessible space for celebratory events, parties and even weddings at flexible and competitive prices, providing another source of income for LARG.

Moo Canoes

Having entered into a service level agreement with Moo Canoes in 2017, many joint ventures have been successfully delivered in the past year, including working with children and young people to introduce standup-paddle-boarding, kayaking, canoeing and canal clean-ups into the vocational and leisure curriculum of local schools. Free monthly canal clean-ups led by Moo further promotes LARG’s values of improvement to green spaces and the preservation of our community environment. In addition to this Moo have successfully provided corporate staff days to large, affluent corporations based in Canary Wharf and the surrounding areas. LARG are hopeful that this will continue to develop as we anticipate this being a very good source of income generation for both organisations. The event season is from April to late October, thus presenting many opportunities to grow the business in the winter months spurred on all the more by the newly regenerated Limehouse Cut.

The Power to Change

Lincoln Area Regeneration Group in partnership with Poplar HARCA and 14 other organisations has adopted 3 miles of the Limehouse Cut, the oldest canal in London that runs alongside Poplar Union and Bartlett Park. LARG continues to develop this project that will deliver a new pontoon on the Limehouse Cut, between the Limehouse Basin & Bow Creek in the heart of Poplar E14. The preliminary site investigation and survey were

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successfully completed in July 2017, and showed no major issues of contention. Additionally, service arrangements have been agreed with Canal & River Trust that are the water-based site landlord, and an agreement has been secured with a Housing Association in order to gain land-based access to the site. The project is due for completion in December 2022 and aims to create better access to the canal side for local residents and create a new village green encompassing the community hub, the park and the canal. Power to Change awarded them a £240,391 grant so LARG can build a pontoon with ten moorings. The income generated from each mooring will help fund LARG’s activities. Canal tenants will also give in kind support to the local community and help improve the sometimes unsafe towpath with their constant presence. With a safer, more accessible canal, LARG will create a dynamic waterfront will deliver volunteering, water sport and educational activities.

Events

LARG continues to run a variety of activities focused on arts and culture, wellbeing, education and the environment and, even when Poplar Union was forced to close between March 2020- April 2021, these events and activities were quickly adapted to online platforms to ensure a consistency of output. Since reopening in April 2021, initially for outdoor events only and then finally, indoor events from June 2021 onwards, these activities primarily take place and are produced by Poplar Union. Below are just a small number of highlights from 2021-2022, though activities run daily throughout the year.

Mindful Mess Festival November 2021

This festival was set up to support neurodivergent artists and promote positive mental health within the artistic community. The festival was a great success with exceptional digital & live performances as well as associated workshops from partners including Babel Theatre, Little Mighty theatre company, Nell Hardy & Response Ability Theatre, Katie O’Brien (the creator of Clean by 17), and Lava Elastic’s neurodiverse comedy night. A similar model is being looked at to run the festival with even more artists in May 2023 to tie in with Mental Health Awareness week

Sunny Jar Eco Hub: Family Litter Pick & Nature Trail: October 2021

In Autumn 2021, LARG/PU organised the first of what would be several outdoor family events to keep local people, especially those from low-income families, engaged and entertained in ways that did not require access to digital provision. For this event, families took a guided walk through Bartlett Park, where Poplar Union is based collecting leaves, twigs and other found natural items which they then used to make Halloween themed crafts, artworks and toys.

– Poplar Union: Digital Programme: April 2021 January 2022

Poplar Union was forced to shut its doors due to the first outbreak of Covid-19 in March 2020 and they remained closed until April 2021. Within one week of closing, PU had launched a full online programme of various activities and events including, but not limited to: online yoga and Zumba classes, livestreamed music and theatre shows, children and adult’s interactive art tutorials and audio story sessions. This was made possible through continued financial support from Poplar HARCA and funding from the Arts Council England. Poplar Union was able to open its doors again fully in June 2021 however due to the continued outbreaks over the summer and right up until December 2021 many events had to be rescheduled to stay online and utilising this digital platform rather than be live to keep our local public safe. Due to the previous support Poplar Union had received, they were able to continue to roll out digital programming where necessary and ensure that local people were still able to access the arts.

Women in Focus Festival: March 2022

Throughout March 2022, Poplar Union ran a month-long festival in celebration of International Women’s Day: Women in Focus. Historically, this festival has run as a three-day live event at Poplar Union, however, given the capacity restrictions that were still being adhered to following the pandemic this was transferred to a series of smaller events throughout March. Examples of events included: screening with post-screening Q&A of the

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film Rocks with a local BAME theatre company, a women-only online yoga and writing retreat and a live recording of Rosie-Wilby’s Break-Up Monologues podcast with guests Jessica Fostekew and Sindhu Vee.

The Power of Photography & Stories We Tell Photography courses: 2021 – 2022 Partnering with an incredible local photographer Pierre Bureau, we have been able to roll out various photography courses including an adult professional course, family and young people courses, mens only and womens only courses who came together to exhibit their work at Poplar Union. Through support from Arts Council England we have been able to provide these courses to our local communities for free and have had such success that we have rolled out the programme across various seasons throughout the year. Poplar Union provides the exhibition space for each course to display their work publicly in our café which for many local participants is the first time they have been able to see their work in a professional environment and has inspired careers and hobbies in the arts.

Friday Music Sessions: 2021/2022

Poplar Union have built from scratch a regular free to attend Friday music session in partnership with some great local musician groups that attract varying local and London wide crowds. These include G&T creatives, ELAM, Jordon O’s Soul Café and Grand Unions Regeneration Band which supports up and coming local artists and provides an opportunity for them to share their work on a professional platform.

Pontoon & Moorings

LARG has successfully implemented the plans to install a new pontoon on the Limehouse Cut which, when completed in December 2022 will accommodate up to 10 narrowboats to encourage community growth on the water. Residents will be encouraged to engage with LARG’s activities, volunteering to contribute to the social, cultural and environmental landscape of Poplar.

Participation in the Lincoln Estate Board and Local Area Partnerships –

Lincoln Area Regeneration Group was strongly represented in the Estate Board which enables the voices of our members to be heard and considered, however in recent years the way that governance issues are decided has changed somewhat and to there is not such a strong emphasis on Estate board matters; however we continue to support individual residents who wish to participate in local decision-making processes by encouraging them to attend meetings and consultations called by our landlord and express their opinions and ideas as to how we can work together to improve our estates and make them a better place to live. Lincoln Area Regeneration Group’s chairperson still sits in the Local Area Partnership (LAP 6) steering committee.

Poplar Union has also formed its own ‘Resident Advisory Board’ enabling a selection of local residents to feedback directly to LARG as to what they feel their communities need and would benefit from. This has proved useful in designing the programming and engagement activities, particularly at Poplar Union.

Financial Review

The detailed results of the Charity are shown in the Statement of Financial Activities on page 10 and its financial position at 31 March 2022 is shown in the Balance Sheet on page 11.

The most significant growth in revenue income was through the continued support from Poplar HARCA to whom the charity is indebted to. They not only gave financial support to employ our bank workers but also provided premises and other facilities free-of-charge. Poplar HARCA also supports funding applications and assists LARG in showcasing and stage the valued work we undertake. Besides HARCA, income through ticket sales, donations, fundraising and space hire at Poplar Union also generates significant income.

Risk Assessment

The Board continues to keep under review the major risks to which the charity may be exposed.

Reserves Policy and Funds

The Trustees believe it is wise to hold a balance in the General Reserve equivalent to 8 weeks of unrestricted annual expenditure, to meet unexpected costs or fluctuations in planned income. The balance in the General

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Reserve at the end of the year was £40,000 and designated funds £309,207. LARG trustees have allocated £144,891 of the designated funds towards the Moorings project.

Plans for the Future

The Charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Efforts will be made to ensure Poplar Union continues to grow from strength to strength across its programme of events, partnerships, hire opportunities and community engagement. Looking ahead, major challenges (and opportunities) include the successful completion of the 10 residential moorings and the renovation of adopted section of the canal which will drastically impact upon both the financial position and profile of LARG in the E14 area of East London. This last year has been a challenging year for all charities, though with the efforts of Poplar Union and the ongoing works of development projects such as the mooring scheme, we are entering the next financial year with renewed confidence in LARG’s ability to grow, develop and respond to the needs of Tower Hamlets residents in precarious social and political times. LARG Trustees remain optimistic and are working tirelessly to weather the storm of Covid-19, continuing to place the wellbeing and safety of local people at the heart of what they do.

Structure, Governance and Management

Structure

Lincoln Area Regeneration Group is a charitable organisation controlled by the Board of Trustees.

Governing Document

Constitutional Governance

Lincoln Area Regeneration Group are governed by a board ratified constitutional document stipulating parameters under which it operates; these set of practices govern, influence and shape the direction in which Lincoln Area Regeneration Group as an organisation is steered. Governance indices include geographical location, (within Tower Hamlets), types of involvement, and areas of activities include green spaces preservation and other predetermined agreed agendas, for example young people’s activities, event’s management and so forth. For greater clarification please refer to Lincoln Area Regeneration Group constitutional document.

Organizational Structure

The Trustees who are also directors are actively involved in overseeing Lincoln Area Regeneration Group’s day to day operations as well as managing workloads delegated to a list of full-time staff, bank work and sessional summer workers. The trustees undertake meetings once per quarter, usually numbering four or five official gatherings per annum, there is scope to increase the frequency depending on the urgency of matters and funding applications. Additionally in compliance with government pension regulations Lincoln Area Regeneration Group has ensured that all its paid employees are now auto-enrolled in relation to the pension provisions. This means that upon signing a contract of employment each employee is automatically enrolled into Lincoln Area Regeneration Group’s pension scheme, and may opt out if required.

Charity Incorporation – Our application for Incorporation was approved in 2008, and Lincoln Area Regeneration Group continues to operate under our Charity Number which is 1122590.

Dependent Relationship

The Charity is based across two sites. Lincoln Area Regeneration Group’s head office at Poplar Union, 2 Cotall Street, E14 6TL. The site is owned by Poplar HARCA, a housing and regeneration community association which is a registered charity (No. 1064397). Poplar HARCA provides space at Poplar Union that Lincoln Area Regeneration Group trustees have signed a licence to occupy. Lincoln Area Regeneration Group continues to benefit from subsidised Rent, IT Services, office costs and other related charitable services to Lincoln Area Regeneration Group. This is in recognition that this charity’s work (Lincoln Area Regeneration Group) is in keeping with Poplar HARCA’s own charitable purposes and that Lincoln Area Regeneration Group still needs support in its continued stages of development and operations; however due to pressure on budgets and a

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greater emphasis on accountability there are increasing demands for Lincoln Area Regeneration Group to be self-sustaining and not be so reliant on Poplar HARCA resources. Lincoln Area Regeneration Group intends to make rental payments to Poplar HARCA as its Landlord in the Financial year 21/22.

Again this year Lincoln Area Regeneration Group continued to be dependent on support from Poplar HARCA, although there is increased pressure to be self-sustaining /self-financing sooner rather than later. Despite this Lincoln Area Regeneration Group have still projected and propelled our business initiatives, have found it challenging to continue the journey to becoming self-sustaining, but we are moving forward and new developments detailed in this trustees report (notably the mooring scheme and remodelled agreement with Poplar Union’s café provider, Poplar Bakehouse) will continue to ensure that we will eventually gain independence away from Poplar HARCA. The overall 3% reduction of rents payable by central government to Registered Social Landlords continues to hamper funding opportunity for Lincoln Area Regeneration Group, as the RSL’s, our customer base, abilities to commission additional community engagement works has greatly diminished. However other prospective avenues have been created with Lincoln Area Regeneration Group tendering for opportunities to support two community cafes.

Volunteers

Volunteers are the backbone of the charity’s operational network without whom the range and extent of activities undertaken would be greatly diminished. We continue to embark on a social media campaigns and local marketing in the promotion of services, this has also enabled us to recruit a new compliment of staff, volunteers and interns to assist our management of Poplar Union.

Recruitment and Appointment of Trustees

In accordance with the Constitution of the Charity, all of the Trustees’ are required to retire at each Annual General Meeting (AGM) but if eligible may offer themselves for re-election by the Members present at the AGM.

Additionally between one AGM and the next the Trustees may appoint any further person who is willing and eligible to act as a Trustee. This year began a recruitment campaign to appoint new trustees to the organisation and this will continue into 2021-2022. Two new trustees have been appointed: Helal Ahmed and David Black.

Independent Examiner:

Glory Community Accounting Services continues to act as an Independent Examiner and it is approved by the Trustees.

Reference and Administrative Information

Charity No: 1122590

Company No : 6092664

Working Name: Lincoln Area Regeneration Group (LARG)

Registered Office & Operational Address: Poplar Union

2 Cotall Street Poplar London E14 6TL

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Bankers:

HSBC Bank PLC 59 – 61 The Mall Stratford London E15 1XL

Trustees

The Trustees who served during the year ended 31 March 2022:

Nigel Huxted (Chair / Director) – Passed away 10 Feb 2022 David Black (Chair / Director - Appointed on 10.02.2022)

Brain Searle (Vice - Chair / Director)

Helal Ahmed (Treasurer / Director)

Christine Searle MBE (Member)

Asim Iftikhar (Member)

Independent Examiner:

Glory Community Accounting Services 318 Barking Road Plaistow London E13 8HL

Board of Trustees Responsibilities

The charity trustees who are also the directors of Lincoln Area Regeneration Group for the purposes of company law are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and:

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The trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report, in the case of each trustee:

This Report has been prepared in accordance under section 477 of the Companies Act 2006 relating to small companies

Approved by the Board of Trustee’s and signed on their behalf by:

22 December 2022 David Black (Chair / Director)……………… Date………………….

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Independent Examiners Report to the Members of Lincoln Area Regeneration Group I report on the attached Financial Sthtements for the year ended 31 MAr¢h 2022. which atr set on pag¢s 10 to 16 and have been prepared on an accrual basis. Respective responsibilities ofMan4ement Committee and Examiner: Th¢ trust¢¢s (who are also the directors of the companj, for the putpos¢s of company law) are reswnsibl¢ for ih¢ preparation of th¢ accounts. The charity's trustees consider that an audit is not required for this year und¢r s¢¢tion 144 of the Charities Act 2011 (the Charities Act) and that an independent examinaiion is n¢eded. It is my responsibility to: examine th¢ ￿coUnts under section 145 of the Charities ACL to follow the procedures laid down in the general direciions given by the Charity Commission under section 145(5Mb) of thc Charitics Act. and lo statc wh¢ther particular matters hav¢ ¢om¢ to my aneniion. Basis of Independent Examin¢r'y St•tem¢nt: My examinaiion was ¢arri¢d oui in a¢¢ordanc¢ with 8¢n¢ral directions given by the Charity Commission. An examination in¢ludes a r¢vi¢w of th¢ a¢¢ountin8 records kept by the Charity and a COTnparison of the a¢¢ounis presenied with those r¢¢ords. It 81s0 includ¢s Consideration of any unusual items or disclosur¢s in the a¢¢ounts, and seekin8 explanaiions from th¢ trustees concerning any such matters. The procedures undertaken do not provid¢ all the evidence that would be required in an audit, and consequenily no opinion 15 given as to whether the accounts present a 'true and fair view. and ihe r¢port is limited lo ihos¢ matters set out in the statement below. IDdependeDt Examin¢r'8 Ststement.. In connection with my examinalion. no matter has come to my attenlion io indicate thai.. ac¢ouniing r¢¢ords have noi been kept in 8ccordance with section 386 uf the Companies Act 2006 the accounts do not accord with such records where accounts are prepared on an accrual basis. whether they fail to comply with relevant accounting r¢quirements under section 396 of the Companies Act 2(N)6. or are not consistent and with the Charities SORP (FRS102) any mAtter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. Hasina Jahan ( DFT, M Com. MAAT,MBA) Glory Community Accounting Services 318 Barking Road Plaislow London E13 8HL Gh)ry Community Attounting Servkej 318 B*rking Rmd Pknistow on E13 8HL Date: 24142Z

Lincoln Area Regeneration Group

(Company No. 06092664)

(Charity No. 1122590)

Board of Trustee's Report and Financial Statements For the year ended 31 March 2022

Contents Page No
1. Board of Trustee's Report 1 - 8
3. Independent Examiner's Report 9
4. Statement of Financial Activities 10
5. Balance Sheet 11
6. Notes 12 - 16

Lincoln Area Regeneration Group Statement of Financial Activities

For the year ended 31 March 2022

Notes
Income
Income from Charitable Activities
4
Income from other Activities
5
Total Income
Expenditure
Expenditure on Charitable Activities
6
Total Expenditure
Net Income / (Expenditure)
Total Funds brought forward
Total Funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
340,842
125,189
466,031
670,928
70,099
-
70,099
14,622
410,942
125,189
536,130
685,550
345,172
124,659
469,831
591,062
345,172
124,659
469,831
591,062
65,769
530
66,299
94,488
283,437
9,512
292,949
198,461
349,206
10,042
359,248
292,949

The Company's Income and Expenditures all relate to continuing activities.

Movements in reserves and all recognised gains and losses are shown above.

10

Lincoln Area Regeneration Group Balance Sheet as at 31March 2022

Notes
Fixed Assets
Tangible Assets
11
Current Assets
Cash at bank and in hand
Debtors
9
Creditors:amounts falling due within one year
10
Net Current Assets
Net Assets / (Liabilities)
The Funds of the Charity
Unrestricted Funds:
General Reserve
Designated Funds
Restricted Funds
Total Charity Funds		 2022
2021
£
£
145,650
767
232,110
427,764
76,853
64,822
(95,365)
(200,404)
213,598
292,182
359,248
292,949
2022
2021
£
£
40,000
40,000
309,206
243,437
10,042
9,512
359,248
292,949

For the year ended 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

Approved by the Board of Trustee's and signed on their behalf by:

………………………………David Black(Director / Chair)

22 December 2022 Date:………………………

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Lincoln Area Regeneration Group Notes to the Financial Statements for the year ended 31 March 2022

1. Accounting Policies

(a) Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities:Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102- effective 1 January 2015) - (Charities SORP - FRS 102 ) and the Companies Act 2006. The Charitable Companymeets the definition of a public benefit entity under FRS 102. The Financial statements have been prepared under the historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. Company without further specified purpose and are available as general funds.

(c) Income recognition

Income are included in the Statement of Financial Activities when the Charity is entitled the income and the amount can be quantified with reasonable accuracy.

Income from Grants and donations are recognised in full receivable and

the Charity has unconditional entitlement. Income from funding and bank interest are recognised when receivable.

Income from the community café are recognised when the related services have been proved.

(d) Expenditure recognition

Expenditure are recognised in the Statement of Financial Activities when the liability is incurred. Expenditures includes VAT that can not be recovered and is reported as part of the expenditure to which it relates.

Charitable activities comprise expenditure incurred on promoting the upkeep of local amenities, and providing neighbourhood events for local residents and children.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

(e) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

(f) Charitable activities

( The expenditure on charitable activities includes grants made, governance costs and

of support costs as shown in note.

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Lincoln Area Regeneration Group

Notes to the Financial Statements for the year ended 31 March 2022

(g) Pensions

Employees of the charity are entitled to join a work place pension scheme which is funded by contributions from employee and employer or alternatively they may have opted to join the group money purchase defined contribution pension scheme.

(h) Tangible Fixed Assets

Items of equipment and other tangible fixed assets are capitalised where the cost is £500. or more. Depreciation is provided to write off the cost of the assets in equal instalments over their useful lives as follows:

Equipment & Furniture - 20% per annum on a straight line basis Minibus - 25% per annum on a reducing balance basis

(i) Stocks

The Charity does not attribute any value to the stock of food and ingredients held for its community café as the amounts are not considered to material.

(j) Taxation

No provision has been made for taxation of the Charity because any surplus from its trading activities has been applied solely to the charitable purposes of the Charity and the trading activities have occurred in the actual carrying out of its primary charitable purpose.

2. Income from Poplar HARCA

Incoming resources from Poplar HARCA included monetary donations and donations -in-kind. The latter comprised premises, van insurance, office costs and related services, which have been included at their estimated value determined by Poplar HARCA.

3. Income from the Community Café

The Community Café is run as a local resource and meeting place, as well as providing volunteering opportunities. This also enables funds to be raised to support the work of the Charity.

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Lincoln Area Regeneration Group Notes to the Financial Statements for the year ended 31 March 2022

4. Income from Charitable Activities
Poplar HARCA
East End Community Foundation
Furlough Grant
The Black History Month
LBTH Work Path
Covid Fund
Other Grants
Garden Projects
St Edwards Grant
Arts Council Grant
Power to Change
Alternative Arts
Kew Royal Botanic
Total		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
336,127
-
336,127
362,052
-
35,000
35,000
15,350
-
2,838
2,838
63,935
-
2,000
2,000
1,000
-
83,694
83,694
-
4,715
-
4,715
-
-
606
606
-
-
1,050
1,050
-
-
-
-
5,000
-
-
-
10,000
-
-
-
212,391
-
-
-
700
-
-
-
500
340,842
125,189
466,031
670,928
5. Income from other Activities
Poplar Union Hall hire
Ticket / Bar / Box office Income
Total		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
35,663
-
35,663
8,398
34,437
-
34,437
6,224
70,099
-
70,099
14,622

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Lincoln Area Regeneration Group

Notes to the Financial Statements for the year ended 31 March 2022

6. Expenditure on Charitable Activities
Staff costs (Salary, PAYE, NI & Pensions)
Support & Governance Costs ( Notes 8)
Outing / Event & Activities / Entertainment
Machine Rental
Transport & Travel
Repairs & Maintenance
Telephone / Internet / IT & Website
Insurance
Hall hire Refund
Box Office / Spotlight / Project Consultancy
Card Machine expenses
PRS Licence
Postage / Printing / Stationery
Training
Depreciation expenses
Publicity
LARG Grant - Garden Projects
Sundry expenses
Covid Funds
East End Community Foundations Project costs
TH Work Path
Total		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
233,736
2,838
236,574
241,276
29,120
-
29,120
30,054
-
606
606
8,403
387
-
387
411
790
-
790
1,506
750
-
750
857
14,296
-
14,296
26,889
1,701
-
1,701
1,633
760
-
760
1,363
54,020
2,000
56,020
260,357
1,060
-
1,060
1,512
-
-
-
394
656
-
656
756
900
-
900
89
859
-
859
575
1,271
-
1,271
7,487
-
520
520
7,240
150
-
150
260
4,715
-
4,715
-
-
35,000
35,000
-
-
83,694
83,694
-
345,172
124,659
469,831
591,062
7. Support & Governance Costs
Facilities Management
Accountancy & I Examiner's fees
Payroll expenses
Professional & Legal fee
Total		 2022
2021
£
£
21,200
24,672
3,000
3,000
1,495
2,165
3,425
217
29,120
30,054

15

Lincoln Area Regeneration Group Notes to the Financial Statements for the year ended 31 March 2022

8. Trustees' Emoluments and related Party Transactions

None of the Trustees received any remuneration or reimbursed expenses during this or the previous period.

9. Debtors
Poplar HARCA
E5 Bakehouse Rent
Furlough Grant
Spot Light
Monzo Card
VAT Reclaim
East End Community Fund
Hire Income
Total
10. Creditors & Accruals
Accountancy & I Examiner's fees
Legal fee & HR
Project expenses
LBTH Community Grant
Co Op Grant
Consultancy fee - Inland & Costal
Professional fee
Covid Grant-Deferred
Social Security and Taxes, Pension
Total
11. Fixed Assets
Cost as at 02.08.18
Addition
Depreciation
As at 31 March 2021
Charge for the year
As at 31 March 2022
Net book value as at 31.03.2022
11.1 Mooring		 2022
£
50,861
750
-
187
-
8,930
15,000
1,126		 2021
£
28,095
3,822
3,644
1,687
591
26,983
-
-
76,853 64,822
2022
£
3,000
957
8,901
14,617
3,748
50,306
9,905
3,325
606		 2021
£
3,000
26
8,899
98,311
3,748
86,420
-
-
-
95,365 200,404
2022
£
2,301
851
3,152
1,534
859
2,393
759
144,891		 2021
£
2,301
-
2,301
959
575
1534
767

16